Post Utme Unilag 2017 Accounting Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Unilag Accounting examination.

Post Utme Unilag 2017 Accounting Objective / Multiple Choice
Question 24 POST_UTME_UNILAG • 2017 • ACCOUNTING • objective

A company issued 10,000 5% shares of ₦10 each at a premium of ₦5 per share. Calculate the amount received from shareholders.

Answer Options

Correct Answer A. ₦105,000
B. ₦110,000
C. ₦115,000
D. ₦120,000
Correct Answer
A
Correct Option:
₦105,000

About This Question

This is Post Utme Unilag 2017 Accounting Question 24. It is one of the objective questions from the 2017 Post Utme Unilag Accounting examination.

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